SCMP’S COMPUTER VISION REPORT TAKES DEEP DIVE ON CHINA’S NEXT AI GROWTH INNOVATION

HONG KONG, 7 December 2020 – The South China Morning Post announced today the release of its inaugural Computer Vision Report, a definitive artificial intelligence industry deep dive that offers a comprehensive resource on the latest trends and future trajectory of China’s largest AI sector. 

Computer vision — the field of computer science focused on enabling computers to visually identify and process objects in digital images or videos — dominates China AI with a 50% market share and currently leads the world in terms of funding with US$4.5 billion raised from venture capital during 2016-18. 

Despite being at the forefront of commercialization and development in China, CV’s application in the security and surveillance sector has become saturated. In addition to the impact of the US-China tech war, this has prompted the drive to discover new domestic alternatives and the next CV growth engine.  

The 130-page report provides insights, essential investment theses, and future market analysis of this surveillance-dependent sector, including exclusive in-depth case studies across five key verticals, an overview of deployment and market development, comprehensive ecosystem maps of more than 160 CV companies in China, and head-to-head comparisons with comprehensive metrics for global investment professionals and companies looking to adopt CV.

A selection of the report’s key findings include:

  • The increasingly saturated surveillance applications in government projects has prompted the CV industry to search for growth in other use cases. Potential opportunities include:
    • Security: As the overall penetration rate of CV remains low, CV companies are expanding their offerings to a wide range of security solutions. 
    • Healthcare: Regulatory change has widened the market for medical imaging.
    • Autonomous vehicles: While fully self-driving cars have yet to be achieved, some players have managed to profit on existing technologies.
    • Finance: The insurance sector is emerging as a major user of object recognition technology.
    • Retail and marketing: CV is in great demand amid stalling sales growth and declining productivity. Major use cases include cashier-free shopping and store traffic analysis.
  • Despite the previous high growth of its CV market, China has yet to take the lead in CV, currently lagging behind the US in key areas, including hardware, talent and patents.
  • Contrary to some people’s belief, privacy concerns over facial recognition are growing in China. Besides, China’s CV industry still needs to work on reducing its reliance on underlying algorithms from the US, convincing its best and brightest to develop their ideas at home, and overcoming its dependence on manually-labeled data.

“Having survived the US-China technological rivalry in 2019, Computer Vision unicorns in China face major challenges with an increasingly saturated market for surveillance applications.” said SCMP’s Technology Editor John Artman. “Searching for the next growth engine after security is a top priority for major CV companies in China and how they adapt will determine the evolution of the AI sector.”

The report is part of SCMP Research’s China AI Deep-Dive Series, targeted at professionals monitoring the development and commercialization of computer vision technologies in China, such as investors, technology companies, corporate executives, service providers, and academics. Please click here to purchase the full Computer Vision Report.

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

ABOUT SCMP RESEARCH

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.

For more information, please contact:

Elgen Kua

elgen.kua@scmp.com

Former government leaders Tung Chee-hwa and Kevin Rudd to discuss the future of US-China relations on CCUSA

HONG KONG, 25 November 2020 – The South China Morning Post announced today its line-up of former top ministers and politicians speaking at the second annual China Conference: USA (CCUSA), headlined by former Chief Executive of Hong Kong Tung Chee-hwa and former Australian Prime Minister Hon. Kevin Rudd AC on December 1-2 beginning at 9 PM HKT. 

Mr Tung, who is currently Vice Chairman of the Chinese People’s Political Consultative Conference, was the first Chief Executive following the 1997 Handover, and has deep insights on US-China relations, as well as Hong Kong’s place in the complicated bilateral relations. Mr Rudd, current President of the Asia Society Policy Institute, will discuss the future of US-China relations in the wake of the US presidential election. 

The second annual CCUSA will feature more than 20 well-known thought leaders, government officials, and business leaders to discuss the future of US-China relations. The line-up includes Mr Long Yongtu, former Vice Minister of Foreign Trade and Economic Cooperation of the People’s Republic of China who will discuss the future of Chinese businesses in the United States backed by decades of diplomatic experience dedicated to bringing China into the global trading system. The event will also feature former US Senator and Ambassador to China Max Baucus, former US Ambassador and Deputy US Trade Representative Robert Holleyman and former US Ambassador Susan M Elliot. A detailed agenda is available here, as well as the full list of speakers

CCUSA will address key issues impacting not only the US-China relationship, including the election of President-elect Joseph R Biden, but also the world at large, with an emphasis on diplomacy, trade, technology and immigration. The program will also address the future of a global economy potentially poised on the edge of decoupling, the wide-ranging impact of the nations’ diverging approaches to global governance, how the global supply chain will continue to evolve, the implications of the intense race for technological dominance, and the future of cultural exchange and immigration policies. 

“In a year full of divisive developments in the US-China relationship and compounded by the impact of the coronavirus pandemic, the conference is an opportunity to untangle and analyse what the future holds between these two superpowers in terms of the global economy, geopolitical uncertainties and technology disputes,” said Tammy Tam, SCMP’s Editor-in-Chief. “China Conference: United States promises to be an event full of insightful analysis, led by SCMP’s editorial expertise as well as leading authorities and academic voices.” 

The China Conference: United States includes access to live sessions, attendee networking and video playback, kindly visit https://ccus2020.scmp.com for registration details. Media can register for a press pass by emailing sadie@causewaystrategies.com for details.

Other speakers at China Conference: United States include –

  • Long Yongtu, Former Vice Minister, Foreign Trade and Economic Cooperation, People’s Republic of China
  • Edward Alden, Bernard L. Schwartz Senior Fellow, Council on Foreign Relations
  • Craig Allen, President, US-China Business Council
  • Amb. Max Baucus, Former US Ambassador to China; Former US Senator (Montana)
  • Myron Brilliant, Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce
  • Wendy Cutler, Vice President and Managing Director, Washington, D.C. Office, Asia Society Policy Institute; Former Acting Deputy US Trade Representative
  • Amb. Susan Elliott, President & CEO, National Committee on American Foreign Policy
  • Bonnie Glaser, Senior Adviser for Asia & Director, China Power Project, Center for Strategic and International Studies
  • Gary Liu, Chief Executive Officer, South China Morning Post
  • Leo Liu, Senior Advisor, Global Strategic Associates
  • Amb. Robert Holleyman, President & CEO, Crowell & Moring International; Former Deputy U.S. Trade Representative
  • Dr. Yukon Huang, Senior Fellow, Asia Program, Carnegie Endowment for International Peace
  • Chris Marlin, Founder and President, Lennar International
  • Prof. John J. Mearsheimer, R. Wendell Harrison Distinguished Professor of Political Science, University of Chicago
  • Donald J. Morrissey, Vice President, Congressional, State, and Local Government Affairs, Huawei Technologies (USA)
  • Stephen A. Orlins, President, National Committee on United States-China Relations
  • Ifeoma Ozoma, Founder and Principal, Earthseed
  • Martijn Rasser, Senior Fellow, Technology and National Security Program, Center for a New American Security
  • Amb. J. Stapleton Roy, Director Emeritus, Kissinger Institute on China and the United States, Woodrow Wilson International Center for Scholars
  • Daniel Russel, Vice President, International Security and Diplomacy, Asia Society Policy Institute
  • Prof. David Shambaugh, Gaston Sigur Professor of Asian Studies, Political Science & International Affairs and Founding Director, China Policy Program, Elliott School of International Affairs, George Washington University
  • Dr. Nicol Turner-Lee, Senior Fellow, Governance Studies & Director, Center for Technology Innovation, Brookings Institution
  • Robert D. Williams, Executive Director, Paul Tsai China Center, Yale Law School

– End – 

 

About the South China Morning Post

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.    

About the China Conference

South China Morning Post’s China Conference was first launched in 2015 with the aim of setting the agenda for China watchers, business leaders and government officials around the world. Convening hundreds of thought-leaders at each event, renowned experts have debated pressing issues surrounding the world’s second-largest economy, and fostered better understanding and elevated thought about China’s culture, society, industries and economy. Originally held in Hong Kong, it has branched out to Southeast Asia and now the United States in the past year. Visit  https://ccus2020.scmp.com/ for more details. 

For media enquiries, please contact:

Sadie Van Vraken

sadie@causewaystrategies.com

Elgen Kua

elgen.kua@scmp.com 

OPERATION SANTA CLAUS 2020 KICKS OFF WITH ‘CARING COMMUNITY, CARING CHRISTMAS’ THEME

HONG KONG, 3 November 2020 – Operation Santa Claus (OSC), jointly organised by Radio Television Hong Kong (RTHK) Radio 3 and the South China Morning Post (SCMP), kicked off its annual fund-raising campaign today with the theme ‘Caring Community, Caring Christmas’ for 2020, as well as a series of announcements aimed at promoting the spirit of giving to benefit those in need during the festive season.

The 2020 OSC Campaign launch was marked by the release of a special video today introducing this year’s Ambassadors, Olympic swimmer Alex FONG and artiste Pakho CHAU, who will perform the first-ever OSC theme song encouraging Hong Kong’s community to get involved and participate in one of the city’s most recognised charity initiatives.

This year, OSC is committed to raise funds for 19 selected beneficiaries to run charitable projects helping children and young people, the elderly and the community generally, as well as people with physical and mental disabilities. While 2020 has been a challenging year for many, OSC is determined to support those impacted most by the COVID-19 pandemic and this year’s campaign aims to offer immediate support and future recovery plans to people in challenging circumstances. 

Said Director of Broadcasting LEUNG Ka-wing: “I am grateful to our generous donors, who have contributed over HK$316 million, funding more than 300 projects over the last 32 years. We face an unprecedented challenge to support our community this Christmas and we are committed to amplify the call to remind everyone it is the season to care, share and give to the disadvantaged.”

Another milestone for OSC was the unveiling of a brand new look. The design of the new logo is a timely reminder of OSC’s brand purpose and identity to champion the spirit of giving and bring people together to celebrate hope and generosity to benefit Hong Kong’s community. Illustrated with a hand placing a heart into a Christmas stocking, it represents OSC as a platform for collaboration by bringing together corporate organisations and NGOs to benefit the community and reinforce the message that everyone and anyone can make an impact by spreading love and care. 

“It reflects the strong community spirit of Hong Kong and OSC’s mission to serve those in need,” said SCMP CEO Gary LIU. “With our partners, donors and beneficiaries, we will continue to champion the spirit of giving and magnify efforts to bring cheer to the city this Christmas.”

Said CHAU, who is an OSC Ambassador for the second year running, “OSC brought together many fun and creative fundraising initiatives during the lead up to Christmas and it felt great to be part of something bigger by helping others. I hope to inspire others by bringing cheer so that the less fortunate can embrace what the best of Hong Kong and Christmas has to offer.” 

“The fund-raising campaign starts in November and I really look forward to taking part in it as an Ambassador,” said FONG. “Helping the city’s disadvantaged at a time like this is a major challenge that will take a massive team effort, stamina and dedication, and I’m delighted to do my part to support the OSC.” 

OSC will salute its most outstanding supporters at the end of the campaign with special awards in February 2021 that recognise significant contributions to the community during the campaign. For more information about the OSC campaign, please visit the OSC websites (osc.scmp.com or rthk.hk/osc2020) as well as “Operation Santa Claus HK 愛心聖誕大行動” Facebook page (facebook.com/opsantahk).

Operation Santa Claus 2020 – Factsheet

OSC 2020 Beneficiaries and Projects

This year, 19 charities in four distinct areas have been selected to receive OSC donations. Themed “Caring Community, Caring Christmas”, the 2020 OSC campaign aims to inspire Hong Kong by showing our care and delivering hope to light up the lives of the needy with a series of fundraising activities and virtual events.

 

Beneficiaries

Project Title or Details

Children and Youth

1

Bring Me A Book Hong Kong Limited

School-based Reading Program: Lifelong Love of Reading

2

Hong Kong Children in Need Foundation Limited

STEM Maker in School

3

Hong Kong Red Cross

Red Cross Little Buddies

4

Sowers Action

After-school Tutoring Program

5

Tsang Pik Shan Secondary School

Simple Technical Self-Development

6

The Zubin Mahtani Gidumal Foundation Limited

EM Child Trauma Counselling Service

7

Mind Mental Health Hong Kong Limited

Mind HK and Morgan Stanley Sponsorship Programme

8

PathFinders Limited

A Child’s Journey with PathFinders

9

TREATS

Sports Play Out! The Train-the-Trainer Gamified Sports Project for Ethnic Minorities Youth in Hong Kong

10

InspiringHK Sports Foundation

Sportshour Co-Sporting Programme for Underprivileged ADHD Youth and Caretakers 

Community

11

Playright Children’s Play Association

Community Engagement and Empowerment for Play Space Transformation Project (Phase 2)

12

J Life Foundation Limited

J Life @ Fighting COVID-19

13

HandsOn Hong Kong Limited

Care Delivered

14

Wofoo Social Enterprises Limited

Simple Living

15

Enrich HK

Debt Recovery Programme for Migrant Domestic Workers

Elderly

16

Senior Citizen Home Safety Association

Easyhome Services for Elderly and their Carers

17

St. Barnabas’ Society and Home

Healing the Poor Visions of the Underprivileged Elderly Project

Physical and Mental Disabilities

18

Caritas Rehabilitation Service

Hope

19

Home of Loving Faithfulness

Life-long special care for handicapped children and adults

 

OSC 2020: Multimedia content

Launch Video: 

The 2020 OSC Campaign launch was marked by the release of a special video today, introducing the ambassadors Olympic swimmer Alex FONG and artiste Pakho CHAU, Director of Broadcasting LEUNG Ka-wing and SCMP CEO Gary LIU.

The video will be available on the following channels:

 

New OSC logo: 

The new OSC logo is illustrated with a hand placing a heart into a Christmas stocking, which symbolises OSC’s role in bringing organisations and the community together during the festive season to benefit those in need in Hong Kong.


Photos:

The 2020 OSC Campaign launch was marked by the release of a special video today, introducing Director of Broadcasting LEUNG Ka-wing, SCMP CEO Gary LIU and the ambassadors Olympic swimmer Alex FONG and artiste Pakho CHAU.

This year’s Ambassadors, Alex FONG and Pakho CHAU, will perform the first-ever OSC theme song.



About Operation Santa Claus

Operation Santa Claus (OSC) is an annual charity campaign jointly run by RTHK and SCMP. Established in 1988, OSC aims to make a difference to the community and beyond by combining the fundraising power of two of the city’s most respected media organisations. Mainly during the months of November and December every year, the public, various non-profit making organisations, commercials and educational sectors in Hong Kong demonstrate their compassion by organising creative fundraising initiatives for specially selected deserving causes. 

 

Media Enquiries: 

 

SCMP Corporate Communications

Muriel CHEUNG (2680 8193 / pr@scmp.com)

SCMP’S CHINA FINTECH REPORT REVEALS LATEST TRENDS AND INNOVATIONS IN WORLD’S LARGEST FINTECH MARKET

HONG KONG, 28 October 2020 – The South China Morning Post announced today the release of its inaugural China Fintech Report, a comprehensive resource on the latest trends and future trajectory of the world’s largest financial technology ecosystem.

The report provides essential investment insights and market analysis of the future of this rapidly growing sector, providing a key source of competitor analysis and learnings for traditional financial services. China’s massive domestic financial market has an estimated 87% of consumers using fintech services, a US$29 trillion (200 trillion yuan) mobile payment market in 2019, and the largest global market for online securities trading. 

As China opens its financial system to foreign players and prepares to launch the world’s first national virtual currency, its fintech sector is poised to make a major impact on the global financial market. The report includes exclusive case studies on key industry players, an overview of funding activity and deals, and in-depth sector analysis of digital payments, digital banking, wealthtech, insurtech, and blockchain. 

Key findings of the report include: 

  • China poised to become the first cashless society: The shift will be mobile-first, with mobile payments already accounting for four out of every five payments and more than half the value of all non-cash retail payments in China.
  • Massive growth potential for online wealth management: Personal investable assets in China are estimated to grow at a compound rate of 10% from US$23 trillion (160 trillion yuan) in 2019 to US$42 trillion (287 trillion yuan) by 2025, with US$10 trillion (69 trillion yuan) expected to be invested via online platforms by 2025.
  • Expanding market for insurtech: Online insurance premiums currently account for less than 8% of total Chinese insurance premiums, suggesting the sector has a long way to grow as China overtakes the US to become the world’s biggest insurance market by the mid-2030s.
  • Blockchain a national priority: China’s banks are ramping up blockchain use with applications in SME lending, risk management and operation efficiency, while China prepares to launch the world’s first sovereign digital currency, with a large-scale rollout expected to come before China hosts the 2022 Winter Olympics.

“The fintech companies of China, which are already pushing boundaries and setting the bar higher than any other company anywhere else, are expected to expand beyond Chinese shores into the broader world,” said SCMP’s Business Editor Eugene Tang. “The coronavirus pandemic, which has led to paradigm shifts in the way humans earn and pay, will only accelerate the rise of fintech, with increased investor and consumer appetite for online financial services.”

The report is targeted at those watching the global trajectory of fintech, including corporate executives, professional services providers, investment professionals, and academics. To purchase the full China Fintech Report, please visit https://research.scmp.com/products/china-fintech-report-2020

 

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

ABOUT SCMP RESEARCH

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.

For more information, please contact:

Elgen Kua 

elgen.kua@scmp.com

SCMP APPOINTS JOHN ARTMAN AS THE POST’S TECHNOLOGY EDITOR

HONG KONG, 1 September 2020 – The South China Morning Post announced today the appointment of John Artman as its Technology Editor. Artman will lead one of the biggest and fastest growing reporting teams covering an expansive intersection of technological transformation and the rise of China. 

In addition to providing in-depth coverage of tech issues and breaking news, Artman will play an instrumental role in the Tech Desk’s contributions to ’s industry reports, which have covered a broad range of trending topics that include China’s Artificial Intelligence (AI), Healthcare, and the Internet industry. 

The Post’s technology section has become a comprehensive destination for all things China tech to SCMP’s global readership of over 50 million monthly active users. Most recently this comprised compelling stories about China’s innovative applications of science and technology in dealing with the COVID-19 pandemic and its search for a vaccine.

“John is well-known for his deep insights about technology in China, which is a vital industry sector that has major global relevance. We are extremely pleased he joins our newsroom, and we look forward to leveraging his expertise in media, technology and content to elevate our coverage on technology in China,” said Tammy Tam, SCMP’s editor-in-chief. 

With more than ten years of reporting experience in China, Artman is a leading journalistic voice on Chinese technology. Most recently, he served as Editor-in-Chief at TechNode, and played an important role in overhauling the site into a must-read for anyone interested in technology in China. Previously, Artman was the Managing Director of Technical Communications at CSOFT International and worked at China Radio International as a radio show host and technology and web reporter. Artman is a self-described “avid China-watcher” and has been living in Beijing since 2008.

“The South China Morning Post has played a crucial role in informing and educating readers on what drives tech in China and shedding light on one of the world’s most innovative and fast-paced industries. I am excited to join a media company that is punching above its weight and be part of their mission to lead the global conversation on China,” said Artman.

Artman’s appointment is effective from 1 September and will be based at SCMP’s global headquarters in Hong Kong.

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a daily news brief for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

For more information, please contact:

Andrea Leung

+852 26808118

andrea.leung@scmp.com

Elgen Kua

elgen.kua@scmp.com

SCMP APPOINTS QIN SHENG TO LEAD ITS PEOPLE DEPARTMENT

HONG KONG, 31 August 2020 – The South China Morning Post announced today the appointment of Qin Sheng as Senior Vice President, People Department, to lead its people-focused strategies and to build a vibrant and diverse work environment. Following SCMP’s rapid growth and transformation into a global digital media organisation, Sheng’s appointment sharpens the company’s focus on enhancing the employee experience and bringing innovation and analytics to people-first programmes. Sheng’s responsibilities include overseeing the People Department’s strategy and planning, driving learning and growth initiatives, as well as supervising employee engagement and organisational development.

“We are delighted to have Sheng join our leadership team. The coronavirus pandemic has introduced new challenges and new opportunities in the workplace, and Sheng’s expertise and experience will help elevate SCMP’s value-driven culture, people-first strategies, and overall employee experience,” said Gary Liu, SCMP’s Chief Executive Officer.

“It is an exciting time to join a leading media company that embraces digital transformation initiatives while placing a strong emphasis on values, communication and an overwhelming dedication to building its people. I am looking forward to working with a purpose-driven team and am thrilled at the opportunity to take our organisational culture to new heights,” said Sheng.

With a track record of more than 15 years in luxury retail and consumer industries, Sheng brings a wealth of experience in leadership with several international organisations.

Sheng previously served on the leadership team at H&H Group as Group Senior Director of People & Culture. She oversaw major organisational changes and led the alignment of global HR practices. Prior to that, she was the HR Director at LVMH Fashion Group Asia Pacific, where she improved HR efficiencies with an analytic approach to talent management and budgeting across multiple brands and markets. She also introduced digital initiatives for employee experience and deployed diversity programmes at LVMH.

Qin Sheng’s appointment is effective from 31 August and she will be based at SCMP’s global headquarters in Hong Kong.

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

 

For more information, please contact:

Andrea Leung

andrea.leung@scmp.com 

+852 2680 8118

Elgen Kua

elgen.kua@scmp.com

SCMP’S CHINA HEALTHCARE REPORT REVEALS KEY INSIGHTS INTO WORLD’S SECOND-LARGEST HEALTHCARE MARKET

HONG KONG, 13 August 2020  South China Morning Post announced today the release of its inaugural China Healthcare Report that comprehensively examines industry innovations and trends that will impact the global market, as well as ambitious reforms that will reshape China’s domestic healthcare market. 

China’s healthcare industry currently leads the world in double-digit growth and has an outsized impact on the global healthcare market as the second-largest healthcare market by expenditure – US$3.5 trillion in 2018. The report also tracks the impact of Covid-19 on structural shifts in the global supply chain of healthcare products and includes a review of Covid-19 vaccine developments and leading healthcare innovators and industry leaders in China.  

The report features deep dive case studies on the latest developments in the business of China’s healthcare industry, including opportunities, risks, and predictions. The report is created by SCMP Research and leverages the Post’s unmatched access into China, covering major sectors such as pharmaceuticals, biotechnology, medical devices and supplies manufacturing, service providers, and healthcare technology. Several major findings include: 

  • Massive investments in R&D and innovation: China’s combined pharmaceutical and biopharmaceutical R&D spending is forecast to grow at a 23 percent compound annual rate until 2023, when it will reach US$49 billion, accounting for 23 percent of the world’s total spending on drug discovery and testing.
  • Rapid growth of China’s biopharmaceutical industry: Biopharmaceutical sales in China have more than doubled since 2016 and are projected to reach almost $50 billion by 2021. China’s capacity to create best-in-class drugs could rival that of America and Europe before 2030.
  • Global manufacturing tech giants tap into medical devices and equipment: Chinese medical supplies accounted for US$10 billion or 2.6 percent of the total exports in Q1 2020. The government’s Made in China 2025 strategic plan calls for a greater focus on innovation to bring manufacturing up the value chain for high-tech medical devices.  
  • China’s dominance in Active Pharmaceutical Ingredients global exports: China manufactures 40 percent of APIs used worldwide and is a leading supplier of basic chemicals to the global pharmaceutical industry, worth 384.3 billion yuan (US$54 billion) in 2018. 
  • China’s foray into health-technology: The Covid-19 outbreak prompted a 20x increase in diagnoses and 10x jump in prescriptions on online healthcare platforms, and accelerated the adoption of AI in CT scans, algorithms for Covid-19 detection in genomic sequencing, and AI-based research platforms for vaccines.

SCMP’s Executive Editor Chow Chung-yan said: “The world is facing an acute healthcare challenge when people are living much longer, populations are rapidly ageing, and healthcare costs are rising. China aims to significantly improve its healthcare standards to be on par with those in developed nations by 2030. This will spur innovation in the sector, provide impetus for growth in the global healthcare industry, and catapult Chinese healthcare firms onto the international stage.” 

The report is targeted at those interested in understanding the complexity of the Chinese healthcare market, including academics, investors and technologists. For an overview of the China Healthcare Report and to purchase the full report, visit https://research.scmp.com/products/china-healthcare-report-2020

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a digest for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

ABOUT SCMP RESEARCH

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and a careful curation of live sessions with industry experts – provides customers with instant actionable insights.

For more information, please contact:

Elgen Kua

elgen.kua@scmp.com

Andrea Leung

andrea.leung@scmp.com 

+852 2680 8118

SCMP LAUNCHES NEW DIGITAL SUBSCRIPTION SERVICE TO ADVANCE INDEPENDENT JOURNALISM IN THE DIGITAL AGE

HONG KONG, 27 July 2020 – The South China Morning Post announced today the launch of a new subscription service for SCMP.com and the SCMP app. Beginning in August, it will roll out in phases over several months across the world.

This announcement marks the next phase of SCMP’s digital transformation and its exponential growth as a global news company. The English-language media platform reached upwards of 50 million monthly readers in recent months, comprising a mostly international audience that relies on SCMP for its unparalleled and trusted expertise on China and Asia. 

With the introduction of this reader revenue initiative, SCMP is safeguarding the future of the 116-year-old news organisation and its independent journalism, with critical and essential coverage that explains China’s growing influence and how it impacts and challenges the world. 

Readers will be able to access some articles for free, before they are prompted with a message to subscribe for further unlimited access. Subscribers will receive award-winning news reporting and opinions, along with the in-depth analysis and investigative journalism that have come to be expected from SCMP. They will also enjoy personalisation features across SCMP’s platforms that enhance the reading and discovery experience, along with privileged access to SCMP’s virtual and in-person events. All information critical to community health and safety will continue to be freely accessible to all readers. 

Said SCMP CEO Gary Liu, “SCMP has long championed the plurality of voices in Asia with independent journalism and we are firmly committed to continue serving our readers with  comprehensive coverage of China and Asia. Advertising alone can no longer sustain high-quality journalism in the digital age, so we must continue to evolve our business models and diversify our revenue streams. 

“Our readership growth has been an encouraging validation of SCMP’s editorial quality and professionalism  and we believe this initiative will strengthen the journalistic excellence that our readers deserve and further our mission to lead the global conversation on China.” 

SCMP has been diversifying its revenue streams to build sustainable business models for the future. Last month, the company announced SCMP Research, a new paid knowledge vertical that publishes commercial reports on leading industries in China. In May, it launched SCMP Lighthouse, a sophisticated first-party data platform that positions the Post as a preferred digital advertising platform with unparalleled consumer insights to drive efficiencies and improve campaign ROI. It has also ramped up its events business with a calendar of 40+ virtual webinars this year – a fourfold increase over in-person events initially planned at the start of the year.

Kindly refer to the letter from SCMP’s Editor-in-Chief to our readers here.  

 

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and, Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a daily news brief for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.   

 

PRESS CONTACT

Elgen Kua

elgen.kua@scmp.com

Andrea Leung

andrea.leung@scmp.com

SOUTH CHINA MORNING POST LAUNCHES ‘SCMP RESEARCH’ TO MEET GLOBAL DEMAND FOR INTELLIGENCE ON CHINA’S LEADING INDUSTRIES

HONG KONG, 8 July 2020 –The South China Morning Post today announced the launch of ‘SCMP Research’, a new knowledge vertical dedicated to providing the latest intelligence and insights on leading industries in China. 

Targeted at a global audience of business leaders and industry observers, ‘SCMP Research’ publishes reports that provide actionable intelligence, deep dives, case studies, data and first-hand insights while exploring forecasts and implications for the future. These English-language reports focus on China’s unique and complex markets and provide in-depth analysis for specific industries and subregions of the country. 

The reports are produced by SCMP Research in close collaboration with the Post’s award-winning news and infographics team, along with a group of external experts including strategic consultants, professional researchers and industry insiders. Each report is accompanied by a webinar series that provides exclusive and unique access to executives and experts for further analysis.

“SCMP Research aims to serve global stakeholders and elevate critical understanding about China. The speed of China’s growth is extraordinary but the market remains complex and oftentimes opaque. This knowledge product includes both independent journalism and insider expertise, providing clarity through deep insights that can inform decisions for international businesses, institutional researchers and policymakers around the world,” said Gary Liu, SCMP CEO.

Said Ang Jin, SCMP’s Chief of Staff & SVP, Strategy, “There is a growing demand for high-quality industry reports focused on China, and SCMP Research will fill that need with comprehensive intelligence and insights, backed by the strength of SCMP’s editorial expertise.”

Today, SCMP Research released the China Internet Report 2020 which delves into key technology trends such as the impact of Covid-19 on China’s digital transformation, mass adoption of 5G across the country and the continued evolution of live-streaming. Upcoming reports include a deep-dive on China’s healthcare industry that will be released in August 2020. 

Previous releases include the China AI Report published earlier this year, which examines the development of artificial intelligence and its deployment across multiple industries. Both reports tap a wealth of industry knowledge and quality journalism from SCMP’s Technology Desk. 

Please visit https://research.scmp.com for more details. 

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and, Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a daily news brief for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism.

For more information, please contact:

Andrea Leung

andrea.leung@scmp.com +852 2680 8118

Please contact research@scmp.com for queries on advertising opportunities, collaborations and business partnerships with SCMP Research.

 

SCMP Research – Overview

Targeted at global business leaders and China industry observers, SCMP Research aims to meet the increasing global need for reliable intelligence into China’s leading industries. For each industry, our proprietary product – which combines a report of the highest research rigour and careful curation of live sessions with industry experts – provides customers with instant actionable insights.

SCMP Research helps decision-makers navigate the complex and fast-changing China market by providing industry intelligence and insights. SCMP Research marries high-quality reports with closed-door discourse with industry leaders to provide a comprehensive insider’s understanding of the complex nuances of the China market.

Industry Reports

In the age of information overload, we want to help minimise our customers’ time spent on searching for market intelligence and maximise the value they get from reading our reports. This is why each SCMP Research report, specific to an industry, is designed to be a one-stop-shop for intelligence on that industry in China. Customers will find a comprehensive industry scan, in-depth analyses, company case studies, and a wealth of data and other organised information to aid their decision making – all rolled up into one fully visual and easily digestible product.

Live webinar sessions

Our webinars are more than just information sessions. They offer a platform for intellectual discourse between experts and observers on the most relevant industry topics. Frequently, C-level executives of the companies featured in the case studies or identified as industry trendsetters or disruptors are invited to share more insights into their business, adding a live element to the report content. To ensure the communication goes both ways, we always include a live Q&A session for the expert panel to address questions raised by the audience and leave no stone unturned.

Current and upcoming reports:

  • China Internet Report 
  • China AI Report (2020)
  • SCMP Healthcare (coming soon in August 2020)

Our Team

We come from various backgrounds – industry specialists, consultants, research analysts, reporters and editors, etc., and leverage our diverse expertise from industry experience and the financial sector. We are dedicated to the same goal of producing high-quality research products that shed light into the often opaque picture of China’s industries and markets. 

SCMP DRIVES CAMPAIGN EFFECTIVENESS AND OPTIMISATION WITH ‘SCMP LIGHTHOUSE’ LAUNCH

HONG KONG, 29 June 2020 – The South China Morning Post, a leading global media company, announced today the launch of ‘SCMP LIGHTHOUSE’ – a sophisticated first-party data platform that offers marketers unparalleled consumer insights to drive efficiencies and improve their campaign’s ROI.  

As the first news media organisation in Asia to launch a proprietary insight and activation platform based on its first-party data , ‘SCMP LIGHTHOUSE’ provides advertisers with the tools necessary to target audiences with greater precision. Built on SCMP’s first-party cookies with known recency, provenance and quality, this free and transparent insight tool will allow users to create bespoke audiences on SCMP’s profiles, discover insights in real-time, and easily compare them across geographies. 

Developed with privacy at its core and on publisher first-party cookies, ‘SCMP LIGHTHOUSE’ was created as a proprietary in-house platform and leverages on the Post’s global readership of more than 50m monthly average users (MAU) across key territories such as the USA (37%), Asia (32%) and the rest of the world (31%). The platform offers access to quality audience insights and allows partners to activate against geo-specific attributes to bring incremental audiences and value to marketers. 

“This platform is our answer to the rising governmental and browser regulations and the negative impact it has had on marketers ability to target important and valuable audiences,“ said SCMP’s Vice President of Digital Ian Hocking. “We believe that publishers are best placed to target users with value-added data that can build strategic partnerships.” 

“This is an important step for SCMP. Having scaled, adding value with first-party data means we can understand the value a user sees in SCMP and connect an advertiser via our trusted first-party relationship. The launch of ‘SCMP LIGHTHOUSE’ marks our commitment to helping our business and advertising partners understand our global audience so we can continue to deliver news and advertising content that adds value to our readers.”

To implement ‘SCMP LIGHTHOUSE’, the Post partnered with 1PlusX to help marketers and publishers unlock the full potential of SCMP’s rich data by extrapolating and aggregating information from various data pools and predicting behavioral trends and patterns from robust data processing and data modeling. 

“The launch of SCMP LIGHTHOUSE marks an important milestone and I strongly believe marketers will substantially profit from the platform’s ability to portray transparent data insights supported by our predictive technology,’’ said Jürgen Galler, CEO at 1plusX. ““A whole spectrum of new audience capabilities can be generated and when applied holistically, the platform will enable SCMP to drive data intelligence in the future. 

“The launch of SCMP LIGHTHOUSE highlights our dynamic and stimulating collaboration with the Post and we look forward to continue challenging the status quo in the international digital advertising space together.”

Kindly visit advertising.scmp.com and email rica.raubenheimer@scmp.com for more details about ‘SCMP LIGHTHOUSE’.

FACTSHEET: SCMP LIGHTHOUSE 

What is SCMP LIGHTHOUSE? 

SCMP LIGHTHOUSE is a proprietary in-house platform for marketers to create bespoke audiences on SCMP’s profiles, discover insights in real-time that is based on Post’s robust global readership. The platform utilises first-party data in a combination of declared data from polls and quizzes with observed onsite user behaviours, Google Analytics, ad-log data and other content analytics to go beyond interest and intent to measure engagement and make insights available for targeting and reporting. 

What’s driving the need for first-party data?

Google announced in January 2020 that third-party cookies would be blocked in Chrome within two years, at which point they will be effectively useless for all use cases. Google, Apple, Firefox and Brave  have been clamping down on fingerprinting techniques and the upshot is that we all need to find a new digital currency for targeting and measurement. 

How does SCMP provide value to marketers using first-party data?

As news publishers, SCMP has a relationship with our readers and knows its audience better than anyone else through its users’ first-party data. Understanding our users and creating a platform allows us and advertisers to recognise that value. The move towards a single-sign in and persistent ID also allows us to build editorial impact and deeper engagement with readers through a greater personalised experience. Through SCMP LIGHTHOUSE, the Post is able to demonstrate the value of its audience by giving access to insights on readers. 

What are the benefits of building your own data platform? 

The first thing you should enable is greater business efficiencies. Giving your whole business access to your consumer data in a privacy compliant self-service platform will enable your staff to react faster and with validated insight.

Because it’s curated insight, you create a consistent way of talking about your audience throughout the company and you are able to control access and measure usage, whilst contextualising each insight so it’s easy to interpret no matter the relative data competency of that user. 

By building your own platform, you are able to take advantage of any unique data you may have access to (adding a USP for potential partnerships) and you’ll also be able to build out functionality in a modular way, responding quickly to market conditions and opportunities. 

Lastly, but most importantly, you will be in control of the data quality and ensure that your product truly adds value for your partners and to your business decisions. 

For more details about ‘SCMP LIGHTHOUSE’, please contact Rica Raubenheimer, Digital Product Manager at rica.raubenheimer@scmp.com.

 

ABOUT SOUTH CHINA MORNING POST

The South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP’s vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan, ELLE, Esquire and, Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China’s tech industry; Inkstone, a daily news brief for those curious about China’s growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China. In 2020, SCMP became the first news organisation in Asia to join the Trust Project, a consortium of top news companies developing global transparency standards for credible journalism. 

For further information on SCMP, please contact: sarah.wai@scmp.com  

ABOUT 1PlusX

1plusX is an advanced data management and predictive marketing platform. Developed by two ex-Google directors, our solutions leverage the power of artificial intelligence and machine learning enabling digital businesses to unlock the full potential of their data. By connecting information pools across various digital channels and touchpoints, our platform recognizes patterns in user behavior. Within milliseconds, those are transformed into predictions and meaningful customer insights. This is how publishers and marketers can turn anonymous visitors into known audiences boosting the value of their marketing spend. 1plusX’s international team based in Zurich, Hamburg, Paris, and Singapore is composed of over 30 talents from the international product and engineering scene.